There is no way HSBC Holdings plc (HSBC) can keep these numbers up

HSBC Holdings plc (NYSE: HSBC) stock fell -3.06% on Friday to $29.46 against a previous-day closing price of $30.39. With 3.85 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.62 million shares. During the session, the Banks – Diversified company that operates in wider Financial sector, reached to the highest price of $30.11 whereas the lowest price it dropped to was $29.46. The 52-week range on HSBC shows that it touched its highest point at $38.61 and its lowest point at $24.40 during that stretch. It currently has a 1-year price target of $46.04. With its current market cap of 118.00 billion, HSBC has annualized dividend of $1.35 while the current yield stands at 4.58%. Beta for the stock currently stands at 0.53.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HSBC was down-trending over the past week, with a drop of -2.87%, but this was down by -7.12% over a month. Three-month performance dropped to -9.77% while six-month performance fell -13.63%. The stock gained 20.10% in the past year, while it has lost -2.29% so far this year.

Float and Shares Shorts:

At present, 3.99 billion HSBC shares are outstanding with a float of 3.98 billion shares on hand for trading. On Aug 30, 2022, short shares totaled 9.03 million, which was 0.23% higher than short shares on Jul 28, 2022. In addition to Mr. Noel Paul Quinn as the firm’s Group CEO, Member of the Group Management Board & Exec. Director, Mr. Ewen James Stevenson serves as its Group CFO, Member of the Group Management Board & Exec. Director.

Institutional Ownership:

Through their ownership of 1.34% of HSBC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.07% of HSBC, in contrast to 0.30% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in HSBC with 0.25% of the stake, Dimensional Fund Advisors LP holds 9,870,231 shares worth 9,870,231. A second-largest stockholder of HSBC, Jane Street Capital LLC, holds 6,089,216 shares, controlling over 0.15% of the firm’s shares. Parametric Portfolio Associates L is the third largest shareholder in HSBC, holding 4,135,843 shares or 0.10% stake. With a 0.08% stake in HSBC, the DFA International Core Equity Por is the largest stakeholder. A total of 3,036,261 shares are owned by the mutual fund manager. The DFA International Value Series, which owns about 0.06% of HSBC stock, is the second-largest Mutual Fund holder. It holds 2,324,210 shares valued at 71.66 million. Dimensional International Value E holds 0.04% of the stake in HSBC, owning 1,404,545 shares worth 43.3 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. It generated $5.62B net income for the quarter, which came to $14.88B over the last twelve months.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HSBC since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HSBC analysts setting a high price target of $46.04 and a low target of $46.04, the average target price over the next 12 months is $46.04. Based on these targets, HSBC could surge 56.28% to reach the target high and rise by 56.28% to reach the target low. Reaching the average price target will result in a growth of 56.28% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HSBC will report FY 2022 earnings on 02/21/2023. Analysts have provided yearly estimates in a range of $4.70 being high and $3.00 being low. For HSBC, this leads to a yearly average estimate of $3.78. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. HSBC Holdings plc surprised analysts by $0.52 when it reported $1.40 EPS against a consensus estimate of $0.88. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is $1.05 and the low estimate is $0.85. The average estimate for the next quarter is thus $0.95.

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